Reasons to be short Wal Mart and Nucor

From Bloomberg:

Union Campaign

The Service Employees International Union and other labor groups are using the encyclical to try to win support from Catholic senators such as Republican Lisa Murkowski of Alaska and Democrat Mary Landrieu of Louisiana for a bill that would make it easier for unions to represent workers, said Mary Kay Henry, executive vice president of the 2 million-member SEIU.

The Pope “offers a much-needed reminder that to create an economy that works for everyone it is critical to protect workers’ fundamental right to join together,” said John Sweeney, president of the 11 million-member AFL-CIO, the largest U.S. federation.

Republican Minority Leader John Boehner of Ohio, a Catholic, said any effort by Democrats to use the Pope’s remarks to push their agenda would fail.

Most people “would rather go to work than be on welfare,” said Boehner, 59. “We think our economic agenda will do more for Americans.”